Sector: Healthcare | Industry: Pharmaceuticals |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Three Radnor Corporate Center 100 Matsonford Rd, Suite 304 RADNOR PA 19087 |
Tel: | N/A |
Website: | https://marinuspharma.com |
IR: | See website |
Key People | ||
Scott N. Braunstein Chairman of the Board, President, Chief Executive Officer | Steven Pfanstiel Chief Financial Officer, Chief Operating Officer, Treasurer | Martha E. Manning Senior Vice President, General Counsel, Corporate Secretary |
Joseph Hulihan Chief Medical Officer | Christina Shafer Chief Commercial Officer |
Business Overview |
Marinus Pharmaceuticals, Inc. is a commercial-stage pharmaceutical company. The Company is engaged in the development of innovative therapeutics for the treatment of seizure disorders, including rare genetic epilepsies and status epilepticus, which includes the use of ZTALMY (ganaxolone). Its U.S. Food and Drug Administration (FDA) approved the Company's new drug application for the use of ZTALMY oral suspension CV for the treatment of seizures associated with Cyclin-dependent Kinase-like 5 (CDKL5) Deficiency Disorder (CDD) in patients two years of age and older. The Company is also developing ganaxolone for the treatment of other rare genetic epilepsies, including Tuberous Sclerosis Complex (TSC) and for the treatment of Refractory Status Epilepticus (RSE). It is developing ganaxolone in formulations for two different routes of administration: intravenous (IV) and oral to maximize therapeutic reach for adult and pediatric patients in acute and chronic care settings. |
Financial Overview |
For the fiscal year ended 31 December 2023, Marinus Pharmaceuticals Inc revenues increased 22% to $31M. Net loss increased from $19.8M to $141.4M. Revenues reflect Revenue increase from $2.9M to $19.6M, Federal contract revenue increase of 64% to $11.4M. Higher net loss reflects Gain from sale of priority review vouche decrease from $107.4M (income) to $4M (expense), Other Research and Development increase of 26% to $93.6M (expense). |
Employees: | 165 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3.43M as of Dec 31, 2023 |
Annual revenue (TTM): | $30.99M as of Dec 31, 2023 |
EBITDA (TTM): | -$130.93M as of Dec 31, 2023 |
Net annual income (TTM): | -$141.41M as of Dec 31, 2023 |
Free cash flow (TTM): | -$118.12M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 54,931,042 as of Apr 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |